Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 351
jamb 2015

The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of

AProduct concept
BMarketing concept
CDistribution concept
DPrice concept
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Question 352
jamb 2015

Communication enhances business activities by

Afacilitating interaction between producers
BFacilitating interaction among media houses
Censuring the movement of good forms the producer to the consumer
Dkeeping the goods safe until they and needed
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Question 353
jamb 2015

The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

AGuaranties
BWarranties
CSureties
DConsideration
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Question 354
jamb 2015

The internet is a system of telecommunication used for

ASending electronic message
BCommunicating messages through telegrams
CCommunicating long-distance
DSending and renewing text message
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Question 355
jamb 2015

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

AMain frame Computer
BDigital Computer
CAnalogue Computer
DHybrid Computer
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Question 356
jamb 2015
The application of division of labour would generally bring about
AIncrease in quantity of goods and services
BIncrease in variety of goods and services
CCheapness of goods and services
DCost efficiency in the production of goods and series.
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Question 357
jamb 2015

A market where new shares are traded is known as

APrimary Market
BStock Exchange
CSecondary Market
DMoney Market
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Question 358
jamb 2015
Citizens are against privatization mainly because of
AIneffective Management
BThe likely hood of monopoly
CIncreased price of good and services
DThe ration dilation of organizations.
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Question 359
jamb 2015

The agency in Nigeria which ensure that products conform to government quality specification is the

ANigerian consumers’ association
BManufacturers' Association of Nigeria
CStandard Organization of Nigeria
DNigerian Chamber of commerce
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Question 360
jamb 2015

The major determinant of fire insurance premium is the

AOwner of the property
Busefulness of the property to the owner
CType and structure of the property to be insured
Dextent of fire damaged anticipated.
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Question 361
jamb 2015

In product pricing, which of these elements need more consideration than others?

AThe cost of producing the product
BThe economic conditions in the market
Cthe demography of the buyers of the product
DThe demand for the product
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Question 362
jamb 2015

Which of the following is classified as an immaterial want?

AProtection
BRaw materials
CMachines
DGoods and Services
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Question 363
jamb 2015

The development of commerce in west Africa was not hampered by

AInadequate capital
BInadequate means of transportation
CInsurance
DLow savings
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Question 364
jamb 2015
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
ABank draft
BBankers’ order
CPromissory note
DTravelers cheque
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Question 365
jamb 2015

The world tourism organization has it headquarters in

ANew York
BMadrid
CParis
DLondon
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Question 366
jamb 2015

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

ACarrying favour from local people
Bfinding a way to spend excess profit
CFulfilling part of its social responsibility
DInvesting its idle fund
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Question 367
jamb 2015

The vessels that operate on specific route on high seas and oceans are

ACoastal Liners and Cargo Liners
BCargo Liners and Tramp liners
CPassenger liners and Tramp liners
DPassenger Liners and Cargo Liners
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Question 368
jamb 2015
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000} \\
\hline
\text{Net profit 4000} & \text{Motor van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtor 1000} \\
\hline
\text{Accruals 300} & \text{Bank 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)


What is the acid ratio?
A1.13 : 1
B2 : 1
C4.75 : 1
D4.25 : 1
View Explanation & Discuss
Question 369
jamb 2014

The social responsibility factor of an organization is geared towards

Acontributing to the sustenance and development of its host community
Boperating without disrupting the very esssence of the environment
Ctackling the soci-economic problems of the state
Dmeeting the needs and demands of the shareholders
View Explanation & Discuss
Question 370
jamb 2014

A Digital Versatile Disk is an example of a

Atransmission control protocol
Bmicroprocessor
Cfile transfer protocol
Dcomputer storage device
View Explanation & Discuss
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